Japan Approves New Fraud Combat Strategy with Fictitious Accounts, Tougher Penalties

Japan's government has approved a revised comprehensive strategy to combat fraud, focusing on social media and special fraud. The strategy includes the introduction of new investigative techniques using bank accounts under fictitious names to track and apprehend fraudsters. Additionally, the government is considering tougher penalties for the illicit trading of bank accounts and new telecom data rules. The government is also considering the sharing of information on suspected illicitly used bank accounts among financial institutions to prevent further fraud. This move comes in response to the increasing number of fraud cases, particularly those involving social media and special fraud. The strategy also involves requiring telecom carriers to preserve communication histories to aid in investigations.